However, the firm is hedging its bets by offering a smaller 5.8in-screened version as an alternative.

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But what about (a firm) like a Goldman Sachs which is hedging a futures position in commodities versus hedging a futures position in currencies?

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Robert Gordon, whose firm Twenty-First Securites specializes in tax-wise hedging strategies, says that a call strike price that is 15% to 20% above the put strike price should do the trick.

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